According to the new market research report the Maleic Anhydride Market report defines and segments the concerned market with analysis and forecast of revenue. This market was valued at $ 3032.5 million in 2014, and is projected to reach $4,286.1 Million By 2019 at a CAGR Of 7.2% from 2014 to 2019.
The global maleic anhydride market is significantly penetrating their end-use industries. They have different characteristics as per their manufacturing and application requirement in the end products. North America is expected to dominate this market with its increasing demand for maleic anhydride in different applications, especially the unsaturated polyester resins, 1,4-butanediol, additives (lubricants & oil), copolymers, and others. The North American market is estimated to show a growth in the next five years with the allied industries expected to stabilize the overall business need in the respective regions.
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Investment & expansion is a key strategy of this market. The manufacturing companies, associations, and end product manufacturers infuse high investments for future advancements and technology modifications of maleic anhydride to match the new demands coming from different end-user industries.
North America is one of the largest regions, both in terms of volume and value, followed by Europe. The key players in the global maleic anhydride market are Huntsman Corporation (U.S.), Lanxess AG (Germany), Polynt S.p.A. (Italy), Flint Hills Resources (Italy), Ashland Inc. (U.S.), DSM N.V. (Netherlands), Nippon Shokubai Co. Ltd. (Japan), BASF SE (Germany), Mitsubishi Chemical Holdings Corporation (Japan), and Thirumalai Chemicals Ltd. (India).
The maleic anhydride’s demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and mergers and acquisitions of the leading companies.
The current market size in terms of value of the global maleic anhydride market is about $3032.5 million and is estimated to reach a value of $4,286.1 million by 2019, at a CAGR of 7.2% from 2014 to 2019. The high demand across the industries will increase the overall maleic anhydride consumption.
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